| Schedule of Credit Facilities |
The following table details key terms of the Credit Facilities as of December 31, 2025 ($ in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indebtedness |
|
Principal Balance
Outstanding |
|
|
Weighted
Average Interest
Rate |
|
|
Maturity Date |
|
Maximum
Facility Size |
|
Secured Revolving Credit Facility (1) |
|
$ |
1,010,100 |
|
|
|
5.87 |
% |
|
10/16/2026 |
|
$ |
1,347,500 |
|
Total Secured Revolving Credit Facility |
|
|
1,010,100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan Facility |
|
$ |
302,500 |
|
|
|
5.83 |
% |
|
10/16/2026 |
|
$ |
302,500 |
|
Deferred financing costs, net |
|
|
(3,006 |
) |
|
|
|
|
|
|
|
|
Term Loan Facility, net |
|
|
299,494 |
|
|
|
|
|
|
|
|
|
Total Credit Facilities, net |
|
$ |
1,309,594 |
|
|
|
|
|
|
|
|
|
(1)Includes a $25.0 million sublimit of standby letters of credit. The following table details key terms of the Credit Facilities as of December 31, 2024 ($ in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indebtedness |
|
Principal Balance
Outstanding |
|
|
Weighted
Average Interest
Rate |
|
|
Maturity Date |
|
Maximum
Facility Size |
|
Secured Revolving Credit Facility (1) |
|
$ |
562,500 |
|
|
|
6.26 |
% |
|
10/17/2025 |
|
$ |
677,500 |
|
Total Secured Revolving Credit Facility |
|
|
562,500 |
|
|
|
|
|
|
|
|
|
Term Loan Facility |
|
$ |
122,500 |
|
|
|
6.32 |
% |
|
10/17/2025 |
|
$ |
122,500 |
|
Deferred financing costs, net |
|
|
(1,346 |
) |
|
|
|
|
|
|
|
|
Term Loan Facility, net |
|
|
121,154 |
|
|
|
|
|
|
|
|
|
Total Credit Facilities, net |
|
$ |
683,654 |
|
|
|
|
|
|
|
|
|
(1)Includes a $25.0 million sublimit of standby letters of credit. The following table details key terms of the Subsidiary Loans as of December 31, 2025 ($ in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indebtedness |
|
Principal Balance
Outstanding |
|
|
Weighted
Average Interest
Rate |
|
|
Maturity Date |
|
Maximum
Facility Size |
|
Subsidiary Loan 1 |
|
$ |
347,500 |
|
|
|
5.73 |
% |
|
9/19/2028 |
|
$ |
347,500 |
|
Subsidiary Loan 2 |
|
|
111,100 |
|
|
|
5.63 |
% |
|
12/23/2028 |
|
$ |
111,100 |
|
Deferred financing costs, net |
|
|
(4,189 |
) |
|
|
|
|
|
|
|
|
Total Subsidiary Loans, net |
|
$ |
454,411 |
|
|
|
|
|
|
|
|
|
|
| Schedule of Aggregate Amount of Maturities of Outstanding Borrowings |
The table below shows the aggregate amount of maturities of our outstanding borrowings over the next five years and thereafter as of December 31, 2025:
|
|
|
|
|
|
|
|
|
Year (1) |
|
Credit Facilities |
|
|
Term Loans |
|
2026 |
|
$ |
— |
|
|
$ |
— |
|
2027 |
|
|
— |
|
|
|
— |
|
2028 |
|
|
1,010,100 |
|
|
|
761,100 |
|
2029 |
|
|
— |
|
|
|
— |
|
2030 |
|
|
— |
|
|
|
— |
|
Thereafter |
|
|
— |
|
|
|
— |
|
Total |
|
$ |
1,010,100 |
|
|
$ |
761,100 |
|
(1) For loans where the Company, at its own discretion, has extension options, the maximum maturity date has been assumed.
|